Bittensor price prediction 2024–2030: Is TAO a good investment?
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Key takeaways:
- Bittensor price predictions anticipate a high of $727 by the end of 2024.
- In 2027, TAO will range between $1,076 and $1,319, with an average price of $1,115.
- In 2030, TAO will range between $3,563 and $4,080, with an average price of $3,660.
Bittensor is a decentralized artificial intelligence-based network that integrates blockchain technology with AI. It uses Proof of Learning (PoL) to ensure nodes provide reliable AI models while protecting user privacy. Its cross-chain compatibility and native token expand the decentralized AI ecosystem’s use cases, TAO, which encourages cooperation.
The PoL consensus method TAO uses is revolutionary because it guarantees that only nodes with successful artificial intelligence models receive rewards. It promotes the growth of capable artificial intelligence technology inside the network and upholds high performance. Bittensor uses its cryptocurrency token, TAO, to encourage node operators and AI developers. Because of the token economy, the network’s community is more vibrant and engaged, encouraging creativity and teamwork.
What next for the artificial intelligence-based decentralized machine learning network Bittensor and its token TAO in the remainder of 2024 and beyond? Let’s get into the TAO price prediction and technical analysis.
Overview
| Cryptocurrency | Bittensor |
| Ticker | TAO |
| Current price | $442.37 |
| Market cap | $3.38B |
| Trading volume | $212.51M |
| Circulating supply | 7.38M TAO |
| All-time low | $30.83 on May 14, 2023 |
| All-time high | $757.60 on Mar 07, 2024 |
| 24-hour low | $466.22 |
| 24-hour high | $439.69 |
TAO price prediction: Technical analysis
| Metric | Value |
| Volatility (30-day variation) | 10.19% |
| 50-day SMA | $ 521.95 |
| 200-day SMA | $ 428.16 |
| Sentiment | Neutral |
| Fear and greed index | 80 (Extreme Greed) |
| Green days | 17/30 (57%) |
Bittensor price analysis: Bittensor devalues to $442.37 amidst bearish slide
TL;DR Breakdown:
- Bittensor price analysis confirmed a downtrend at $442.37.
- Cryptocurrency lost up to 2.63% of value from its previous close.
- TAO coin prices are targeting next resistance around $742.74.
On December 23, 2024, Bittensor price analysis confirmed a downward trend for the cryptocurrency. Coin value has dropped down to $442.37, low amidst the growing bearish tide. Moreover, the cryptocurrency lost a major 2.63 percent of its value over the day. This creates negative circumstances for the investors, as the cryptocurrency is facing bearish resistance.
TAO/USD 1-day chart analysis
The one-day price chart of Bittensor coin revealed a declining market trend for the currency. TAO/USD value has deteriorated to a $442.37 low in the past 24 hours. However, as the volatility is expanding, this signals high chances of reversal in the current market trends.
The distance between the Bollinger bands determines the market volatility. As this distance is widening rapidly, this marks an increasing volatility. Moreover, the upper limit of the Bollinger Bands indicator, acting as the resistance band, has shifted to $742.74. Whereas, its lower limit, serving as the support band, has moved to $391.86.
The Relative Strength Index (RSI) indicator is present close to the oversold region. Its value has receded to index 34.10 following the bearish slide. The continual descending slope on the indicator’s graph signifies a negative market sentiment. The selling activities remained considerably high since the past few weeks, resulting in a massive downside.
TAO/USD 4-hour chart analysis
The four-hour price analysis of Bittensor coin confirmed a decreasing market trend. Bittensor coin value has depreciated to $442.375, low amidst the growing bearish momentum. Considering the downswing, the cryptocurrency value now lies below its moving average.
The Bollinger bands are widening, leading to an increasing volatility. This increase in the volatility levels signals a relatively higher market unpredictability for the coming hours. Moving on, the upper Bollinger band, serving as the resistance, has shifted to $499.823. Conversely, the lower Bollinger band, acting as the support, has moved to $420.063.
The RSI indicator is present within the neutral area. Currently at 40.78 and still moving downward, this indicates a rising bearish pressure. The decreasing curve on the RSI graph confirms a downward swing. The selling activities remained high during the day, leading to an imbalanced trading environment.
Bittensor technical indicators: Levels and actions
Daily simple moving average (SMA)
| Period | Value ($) | Action |
| SMA 3 | 633.23 | SELL |
| SMA 5 | 633.70 | SELL |
| SMA 10 | 574.90 | BUY |
| SMA 21 | 538.62 | BUY |
| SMA 50 | 521.95 | BUY |
| SMA 100 | 469.01 | BUY |
| SMA 200 | 428.16 | BUY |
Daily exponential moving average (EMA)
| Period | Value ($) | Action |
| EMA 3 | 544.89 | BUY |
| EMA 5 | 544.80 | BUY |
| EMA 10 | 557.86 | BUY |
| EMA 21 | 555.96 | BUY |
| EMA 50 | 493.79 | BUY |
| EMA 100 | 433.15 | BUY |
| EMA 200 | 396.59 | BUY |
Is Bittensor TAO a good investment?
TAO is a coin with utility that continues to trade higher, indicating growing adoption among crypto investors. Despite this, the coin faces uncertainties and volatility as all other cryptocurrencies. Our Cryptopolitan price prediction explores its expected movements from 2024 to 2030.
What can we expect from Bittensor price analysis next?
Bittensor price analysis gives out a highly bearish prediction regarding the ongoing market events. TAO/USD value has dropped down to a $442.375 low over the past 24 hours. Side by side, the cryptocurrency has lost up to 2.63 percent of its value during the day. The overall market sentiment is negative, as the bears have been ruling the market for the past few weeks. Technical indicators, as well as the price charts, are giving out a bearish verdict with respect to the current market trends.
Why is TAO down?
TAO has been decreasing rapidly for the past 24 hours. The coin has decreased to $442.375 amidst rising selling activity, which triggered a massive descent. Bittensor lost substantial value amidst growing sellers’ pressure in the past few hours.
Will Bittensor reach $500?
Yes, Bittensor should rise above $500 in 2025. Its price will range between $590.53 and $713.91 during that period.
Will Bittensor reach $1000?
Yes, Bittensor should rise above $1000 in 2027. Its price will range between $1,188 and $1,437 during that period.
Will Bittensor reach $5000?
Per the Cryptopolitan price prediction, Bittensor TAO prices are unlikely to reach $5000 before 2030.
Does Bittensor have a good long-term future?
According to Cryptopolitan price predictions, Bittensor TAO will trade higher in years to come. However, factors like market crashes or difficult regulations could invalidate this bullish theory.
Recent news/ opinions on Bittensor
- TAO.BOT has launched dTAO (dynamic TAO), a system designed to change the distribution process of Bittensor resources. The automated system aims to enhance transparency and efficiency, better facilitating the top-performing subnets. According to the updates, the mechanism will be market-driven and decentralized.
Bittensor price prediction December 2024
A break of resistance will result in a mini bull run, with the next target at $750. This month, it will average at $549, and in a bearish scenario, TAO could drop to $439 at its lowest.
| Month | Potential low ($) | Potential average ($) | Potential high ($) |
| December | 439 | 549 | 750 |
Bittensor price prediction 2024
The technical indicators are bullish on TAO in the second half of 2024. It is anticipated to trade between $430 and $727, which is quite near the current Bittensor price, with an average price of $555.
| Year | Potential low ($) | Potential average ($) | Potential high ($) |
| 2024 | 430 | 555 | 727 |
Bittensor price predictions 2025-2030
| Year | Potential low ($) | Potential average ($) | Potential high ($) |
| 2025 | $519.50 | $538.39 | $642.76 |
| 2026 | $753.25 | $774.78 | $893.17 |
| 2027 | $1,076 | $1,115 | $1,319 |
| 2028 | $1,560 | $1,604 | $1,902 |
| 2029 | $2,359 | $2,423 | $2,712 |
| 2030 | $3,563 | $3,660 | $4,080 |
Bittensor price prediction 2025
The Bittensor price forecast for 2025 sets the high at $642.76 as the Bittensor market revives. The lowest price of TAO for the year will be $519.50, and the average price will be $538.39.
Bittensor price prediction 2026
TAO is expected to experience more bullish momentum in 2026. According to the Bittensor forecast, it will range between $753.25 and $893.17, with an average price of $774.78.
Bittensor price prediction 2027
The Bittensor price prediction climbs even higher in 2027; experts suggest the coin’s price will range between $1,076 and $1,319, with an average price of $1,115, as per TAO price forecast.
Bittensor TAO price prediction 2028
The Bittensor price prediction suggests further accelerating TAO’s growth by 2028. According to the TAO’s price prediction, the token price will range between a minimum Bittensor’s price of $1,560 and a maximum price of $1,902. The average price for the year will be $1,604.
Bittensor price prediction 2029
According to the Bittensor price forecast for 2029, the TAO price will reach a maximum and minimum of $2,359 and $2,712, respectively, with a year-round average price of Bittensor of $2,423.
Bittensor crypto price prediction 2030
The Bittensor price prediction for 2030 indicates a price range of $3,563 and $4,080 and an average price of $3,660.
TAO market price prediction: Analysts TAO price forecast
| Platform | 2024 | 2025 |
| Digitalcoinprice | $659.23 | $767.90 |
| Coincodex | $ 756.20 | $ 1,448.03 |
Cryptopolitan’s Bittensor (TAO) price prediction
At current levels, TAO presents the potential to be bullish. According to our predictions, TAO could achieve a high of $727 in the second half of 2024. In 2025, it’s expected to maintain a trading range of $519.50 – $642.76, with an average of $538.39. Note the predictions are not investment advice. Seek independent professional consultation or do your research.
Bittensor (TAO) historic price sentiment
- The TAO token was launched by Bittensor network on March 6, 2023, with an opening price of $93.4.
- Within one week of its launch, TAO dipped below its opening price to the $76 range.
- By the start of April 2024, TAO lost 50% of its value as its price stepped down to $47.
- In May, TAO stepped further down to $30.83 (the lowest value) but started to recover slowly, reaching only $63 by the end of the month.
- In July 2024, TAO recovered up to $86.18, just shy of its opening price, before dipping again.
- TAO traded in the nearly $54 range till October, after which it started to spike.
- Finally, in November 2023, TAO reached the $95 range and peaked at $379 on December 15.
- TAO remained in a downtrend till mid-January 2024 before spiking to an all-time high of $757.60 on March 7, 2024, its highest price paid.
- By April 2024, Bittensor TAO lost almost 25% of its value again by dipping to $522.
- For May, June, and July, the token continued covering a range downward while making small spikes in between, reaching $216 at the start of July.
- TAO jumped to $357 on July 19, while slipping back to $281 by the end of August, 2024. While, the coin traded near $265 range at the start of September.
- In October 2024, Bittensor (TAO) rose till the $660 range before closing at $468.
- In November, TAO rose to a high of $679, and after a slight correction it is trading near $621 mark. on December 3, 2024.
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